Spuds boost UP, Watco Cold Connect
Union Pacific and its rail partners plan to up the frequency of its Cold Connect refrigerated produce service with an eye on expanded market opportunities for Idaho potatoes in New York state.
Norfolk Southern
AAR: Historic month for U.S. rail intermodal
Total U.S. rail traffic was 534,140 carloads and intermodal units for the week ending Sept. 2, down 0.9% from the same week a year ago.
First East Coast call for largest box ship
East Coast ports opened a new era in shipping as the Ultra Large Container Vessel CMA CGM Theodore Roosevelt recently called the ports of Virginia, Savannah and Charleston for the first time.
Investor concerns may be overblown: Cowen and Company
Cowen and Company is “not as concerned as many investors are about slowing volume growth,” says Managing Director and Railway Age Wall Street Contributing Editor Jason Seidl. Though North American Class I carloads have been down for each of the past two years, volumes “have snapped back through August,” up 5% year-to-date.
Ore up 11.5% in weekly carloads
Intermodal traffic again outpaced overall rail freight for the week ending August 26 as imports flowed in for the retail holiday season, according to the Association of American Railroads.
Port of Virginia eyes biggest boxships, orders new cranes
The Port of Virginia will purchase four new ship-to-shore cranes as part of the $320-million expansion of Virginia International Gateway (VIG).
NS bridge inspection “drones” on
Norfolk Southern has one of the most comprehensive drone-based railroad bridge inspection programs in the nation, recently surpassing more than 100,000 linear feet. To conduct this safety-critical task, NS in early 2016 contracted with Virginia Beach, Va.-based HAZON Solutions, a leading U.S. developer of small, unmanned systems operations, capability development, training, safety and testing programs for drone inspection services.
Intermodal up 5.1% in AAR weekly carloads
Total U.S. weekly rail traffic was 548,790 carloads and intermodal units for the week ending August 12, up 2.75% compared with the same week in 2016.
NS names Earhart EVP and CFO
Norfolk Southern has appointed Cynthia C. Earhart as Executive Vice President and Chief Financial Officer, effective Aug. 15, 2017. She succeeds Vice President and Controller Thomas E. Hurlbut, who served as interim CFO since Aug. 1, 2017, following the retirement of Marta R. Stewart.
Aggregate, minerals lead weekly AAR carloads
The Association of American Railroads said U.S. rail traffic for the week ending Aug. 5, 2017 totaled 554,822 carloads and intermodal units, up 4.3% compared with the same week a year ago.